Market review: this week (3.14-3.18), the CSI 300 index fell 0.94% and the computer index fell 0.71%.
Zhou viewpoint: focus on several directions of rebound
(1) A shares started the rebound market and focused on the two rebound directions of computers. After a period of adjustment, A-Shares started the rebound market as a whole on Wednesday (3.16), and the computer sector achieved an increase of 6.53% in three trading days (3.16-3.18). In terms of valuation, in the past five years, the average pettm of the computer sector was 57.27 times, and only 44.61 times on March 18. The valuation is at a historical low, and the value of sector configuration is prominent. We are optimistic about the two major rebound directions, namely, the industry information innovation and military information sectors with high prosperity and low valuation, and the cloud computing and intelligent networked automobile sectors with definite long-term prospects but large recent declines.
(2) direction 1: in terms of information technology and innovation in industries with high prosperity and low valuation, the party and government fields have achieved high penetration, and financial information and innovation is expected to accelerate in 2022. Financial IT investment is related to the income of financial companies, with both prosperity and certainty. We are optimistic about the infrastructure and it service manufacturers related to financial information and innovation. In terms of military informatization, we continue to be optimistic about the development of remote sensing satellite applications during the 14th Five Year Plan period. In 2021, Piesat Information Technology Co.Ltd(688066) , Geovis Technology Co.Ltd(688568) revenue, profits and orders have achieved remarkable results, which is expected to continue in 2022.
(3) direction 2: cloud computing and intelligent Internet connected vehicles, which have a certain long-term prospect but have a large decline in the near future, are the base of the digital economy. In the long run, it is the general trend for enterprises to go to the cloud. According to the IDC report, in 2020, the growth rate of China’s common cloud market continued to outperform the world, with broad growth prospects Beijing Kingsoft Office Software Inc(688111) , Yonyou Network Technology Co.Ltd(600588) , Glodon Company Limited(002410) , Sangfor Technologies Inc(300454) and other leading companies have suffered a large decline in recent years, with prominent cost performance. It is recommended to pay active attention. In terms of intelligent networked vehicles, the penetration of “electrification, intelligence and networking” of vehicles is accelerated, and the long-term prospect is determined. With the reform of automotive electronic and electrical architecture, it will drive the reconstruction of industrial value chain, and the software companies represented by Thunder Software Technology Co.Ltd(300496) will continue to benefit.
Investment advice
(1) an industry driven by an industry letter: an industry driven by a creative industry: an industry of industry ” ” ” ” ” ” ” ” ” ” ” ” ” ” ” ” ” ” ” ” ” ” ” ” ” ” ” ”industry’ ” ” ” ” ” ” ”industry’ ” ” ” ”s faith: a recommendation to recommend ‘ Dawning Information Industry Co.Ltd(603019) 019′ ” ”’s recommendation for a recommendation for a ‘ Dawning Information Industry Co.Ltd(603019) 0199 \ etc.
(2) financial it: recommend Northking Information Technology Co.Ltd(002987) , Hundsun Technologies Inc(600570) , Fujian Apex Software Co.Ltd(603383) , Shenzhen Fortune Trend Technology Co.Ltd(688318) , Yusys Technologies Co.Ltd(300674) , Shenzhen Sunline Tech Co.Ltd(300348) , Global Infotech Co.Ltd(300465) , Tansun Technology Co.Ltd(300872) , etc.
(3) industrial Internet: the Internet of the industry: the Internet of the industry: the Internet of the industry: the Internet of the industry: the recommendation: the recommendation: the recommendation of the ‘ Beijing United Information Technology Co.Ltd(603613) , Guangzhou Sie Consulting Co.Ltd(300687) , Shenzhen Huaqiang Industry Co.Ltd(000062) , Longshine Technology Group Co.Ltd(300682) , etc.
(4) intelligent Internet connected vehicles: recommend Thunder Software Technology Co.Ltd(300496) , Autel Intelligent Technology Corp.Ltd(688208) , Beijing Tricolor Technology Co.Ltd(603516) , China Transinfo Technology Co.Ltd(002373) , and the beneficiaries include Huizhou Desay Sv Automotive Co.Ltd(002920) , Vanjee Technology Co.Ltd(300552) , etc.
(5) energy it: recommend Longshine Technology Group Co.Ltd(300682) , Jiangsu Yunyong Electronics And Technology Co.Ltd(688060) , Runa Smart Equipment Co.Ltd(301129) , and benefit targets include Ygsoft Inc(002063) , Dongfang Electronics Co.Ltd(000682) , Beijing Forever Technology Co.Ltd(300365) , Huizhong Instrumentation Co.Ltd(300371) , etc.
(6) military metauniverse: recommended Piesat Information Technology Co.Ltd(688066) , Geovis Technology Co.Ltd(688568) , Beijing Tricolor Technology Co.Ltd(603516) , Beijing Supermap Software Co.Ltd(300036) .
Risk warning: policy promotion is not as expected; It investment is less than expected; Industry competition intensifies.
